Although first-time buyers’ affordability has been eroded through increased home loan repayments and struggling remuneration levels in most sectors of the economy, these buyers have retained a share of more than 60% of all home loan applications.
During Q3 2023, the Western Cape’s sales totals trumped that of Gauteng’s sales totals, despite it being a smaller region. Semigration combined with a recovering tourism sector along the Atlantic Seaboard has seen demand drive rentals up by 20% – 35% and more.
A property rental portfolio requires ongoing care and maintenance to run effectively, profitably and with the necessary controls to prevent mismanagement. Follow this strict five-point security ‘health’ when managing portfolios.